The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 7/10/2026 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :Overbought sectorMACD bearish divergence
Daily :Daily  MACD line has moved below its signal line
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It was the negative week for the Fortive Corp (FTV). During the week, the FTV gave back -0.45 points, or -0.72%, and closed at 62.20 on Friday, July 10, 2026. Weekly volume was -36% below average.

FTV is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 28.48 and resistance is at 77.57. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on August 11, 2025 at 46.34 and reached 64.34 on July 6, 2026. FTV gained -18.00 points, or -38.84%, in 47 weeks. The price is now at the 11.89% retracement level.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals.

The weekly MACD line is above its signal line since September 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term uptrend had started on June 11, 2026 at 58.73 and reached 64.34 on July 6, 2026. FTV gained -5.61 points, or -9.55%, in 25 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.39
Williams' Percentage Range (W%R) 56.50
Lane's Stochastic (%D-Slow) 49.27
Greed/Fear Indicator (GFI) 49.40
Moving Average Converg./Diverg. (MACD) 0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.58
Williams' Percentage Range (W%R) 29.20
Lane's Stochastic (%D-Slow) 65.35
Greed/Fear Indicator (GFI) 63.16
Moving Average Converg./Diverg. (MACD) 1.25 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 63.26
Price 62.20
Daily Stochastic Crossing 61.83
Weekly Stochastic Crossing 61.72
20 Day Moving Average 61.30
Parabolic System 60.71
50 Day Moving Average 60.50
Lower Bollinger Band 59.54
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 64
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 58.73
Low Date 06/11/2026
High 64.34
High Date 07/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.38
Low Date 05/20/2026
High 64.34
High Date 07/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.48
Low Date 03/30/2026
High 64.34
High Date 07/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.34
Low Date 08/11/2025
High 64.34
High Date 07/06/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 77.57
Support 28.48
High 87.10
High Date 03/22/2024
Low 46.34
Low Date 08/11/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.